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dana bash is up there. dana, just to set the scene. you're standing outside the room where the democratic senators are going to be meeting with the vice president. >> that's right. you can show just to give you a context, and then i want to piggyback on what jessica is saying. you know what? actually, kim, can you flip around? we're going to get the vice president right now. we're going to get the vice president right now. mr. vice president, do you have a deal? mr. environment, we're live on cnn, do you have a deal? senator reid, how do you feel? got to love live tv. there you go. >> he kept saying happy new year. and he had a smile on his face, so i assume he thinks he's going to have a happy new year. i'm sure that he did not necessarily think he would be spending new year's eve with you, dana. >> no, i'm sure he didn't. and i can tell you that a lot of us up here are -- you know, we like each other, but spending new year's this way is not exactly our way of a fun way to ring in the new year. certainly, that was interesting. the vic
dana bash is up there. dana, just to set the scene. you're standing outside the room where the democratic senators are going to be meeting with the vice president. >> that's right. you can show just to give you a context, and then i want to piggyback on what jessica is saying. you know what? actually, kim, can you flip around? we're going to get the vice president right now. we're going to get the vice president right now. mr. vice president, do you have a deal? mr. environment, we're...
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dana bash is on capitol hill with latest. dana, what have you got? >> this kbifs you a good sense of where things stand. they're at a standstill. you see a lot of reporters milling around. it's behind this wall that you can't see. the democrats, all senate democrats are meeting now, getting a briefing from the senate democratic leader, harry reid and down this haul, which you can't see from here, the same thing is going on with republicans. at the podium we hope to hear from senate majority leader, harry reid. in terms of where things stand, they're frozens it goes. earlier today, we explained that the reason from the democrats point of view is that they got an offer from republicans that includes what was known as chained cpi, which you've been explaining means social security checks would be smaller for social security recipients, which is something that is a nonstarter for democrats in this particular negotiation. it is something that the president offered as part of a larger deal. there are other things that are not together on like tax rates and
dana bash is on capitol hill with latest. dana, what have you got? >> this kbifs you a good sense of where things stand. they're at a standstill. you see a lot of reporters milling around. it's behind this wall that you can't see. the democrats, all senate democrats are meeting now, getting a briefing from the senate democratic leader, harry reid and down this haul, which you can't see from here, the same thing is going on with republicans. at the podium we hope to hear from senate...
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dana, thanks very much. ali, it's never done until, as they say, it's done. >> no, and we don't know where it's going to be. let's take you to the other end of pennsylvania avenue where jessica yellin is standing by. the white house is very involved in this, particularly joe biden. dana saying if there is a deal, they're going to need joe biden to go over and talk to democrats there to sell this to them. there have been those who have been dissatisfied with the development of a deal as we have heard about it today. what's going on at the white house right now? >> well, i have reported that the vice president is set to go up there just as soon as the democrats hold or schedule a caucus, a meeting of the senate democrats to present the bill. and then the vice president will take their questions and answer any of their concerns. but ali, just hours before that ball is set to drop in new york city, there is still time for lawmakers to drop the ball here in washington, d.c. i have been waiting a long time to use
dana, thanks very much. ali, it's never done until, as they say, it's done. >> no, and we don't know where it's going to be. let's take you to the other end of pennsylvania avenue where jessica yellin is standing by. the white house is very involved in this, particularly joe biden. dana saying if there is a deal, they're going to need joe biden to go over and talk to democrats there to sell this to them. there have been those who have been dissatisfied with the development of a deal as we...
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dana bash is still with us. what are you learning? >> while i was talking to you, i got a message, an e-mail saying -- from a senior democratic source saying the goal is tonight. the goal is to have a vote in the senate tonight. we were talking about how republicans were saying that but don't run the senate. we can't call it a deal, but they're working towards that. >> what would be the big deal if the vote in the senate is delayed until tomorrow morning? >> you know, technically not much. i think psychologically, the fact that we are all talking about the house not being able to vote tonight as us technically going over the fiscal cliff is something that they recognized in the senate. and i also think that for senate republicans and even some democrats, it's not as much of an issue to be able to take home politically the idea of voting for a tax cut as opposed to a tax increase which the house would be doing tomorrow. also just the idea of momentum. they've got the momentum. they don't want to blow it if they've got it. >> you know t
dana bash is still with us. what are you learning? >> while i was talking to you, i got a message, an e-mail saying -- from a senior democratic source saying the goal is tonight. the goal is to have a vote in the senate tonight. we were talking about how republicans were saying that but don't run the senate. we can't call it a deal, but they're working towards that. >> what would be the big deal if the vote in the senate is delayed until tomorrow morning? >> you know,...
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dana, what are you drawing? what conclusions are you drawing from what you're hearing? >> let me give you a little bit of color of what i witnessed, maybe better to say what i smelled coming over here. i took the back way where senators have hide aways in the capital, and i smelled a lot of firewood. people are lighting fires like they're in for a long night here on new year's eve. and perhaps that is a good sign that there is genuine optimism that they could have a vote tonight. that is what i was told by a senior democratic source, that the goal is tonight, senate democrats insist they're not there yet. there's still some outstanding issues on the republican side, however, there was a meeting probably now about an hour, hour and a half ago, among all senate republicans, and many, many senate republicans came out and said they did believe we were very, very close, and they were sticking around for a vote tonight. so that's where we are right now. but we are also anticipating, as jessica reported earlier, joe biden to come up to the senate to talk to his fellow democrat
dana, what are you drawing? what conclusions are you drawing from what you're hearing? >> let me give you a little bit of color of what i witnessed, maybe better to say what i smelled coming over here. i took the back way where senators have hide aways in the capital, and i smelled a lot of firewood. people are lighting fires like they're in for a long night here on new year's eve. and perhaps that is a good sign that there is genuine optimism that they could have a vote tonight. that is...
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senior congressional correspondent dana bash is on capitol hill and, dana, does it even look like the house will vote today? because that's kind of crucial. >> it is a big open question, deb. i can tell you the reason why i'm standing in front of a -- maybe not so pretty white wall is because i'm down the hall from where republicans are meeting as we speak. house republicans. and you can hear at different times some clapping and different times other -- maybe not so happy noises coming from inside the meeting, but they are discussing the way forward. and what we're hearing from sources, again, this meeting is going on what we're hearing from sources about what is happening behind the doors is that there are a lot of members concerned that they want spending cuts to go along with this deal. they don't want to just pass mostly -- mostly tax cuts but tax increases. that is a big part of what i'm hearing is going on. the other thing we're told is that the house speaker is simply not taking a position whether he is for or against this. he's being very cautious, we're told, in this meeting,
senior congressional correspondent dana bash is on capitol hill and, dana, does it even look like the house will vote today? because that's kind of crucial. >> it is a big open question, deb. i can tell you the reason why i'm standing in front of a -- maybe not so pretty white wall is because i'm down the hall from where republicans are meeting as we speak. house republicans. and you can hear at different times some clapping and different times other -- maybe not so happy noises coming...
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let's go to dana bash. dana, what do you think? is it promising? can they go it now? >> reporter: well, let's start there. it certainly has happened before between these two men, and it's happened before when democrats on capitol hill are either split or have gotten, frankly, just too frustrated with the republican counterparts to have conversations to be able to find bipartisan agreement. these are the two men who negotiated an extension of the bush era tax cuts for two years. that happened two years ago when republicans had a lot of political capital because they just won the house in a big way. whether or not these two men are actually going to be the ones to strike a deal, we're not sure, but we are told, our ted barrett and jessica yellin and i are told by multiple sources that it does seem that at this point, at this late hour, the talks are primarily centered around and between these two men, between mitch mcconnell, the senate republican leader, and joe biden, the vice president. harry reid, the senate democratic leader is certainly very well-informed. he's ke
let's go to dana bash. dana, what do you think? is it promising? can they go it now? >> reporter: well, let's start there. it certainly has happened before between these two men, and it's happened before when democrats on capitol hill are either split or have gotten, frankly, just too frustrated with the republican counterparts to have conversations to be able to find bipartisan agreement. these are the two men who negotiated an extension of the bush era tax cuts for two years. that...
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back to you. >> dana bash, there with chairman issa, thanks so much for that. now we'll throw back to deb in atlanta. >> thanks so much, john. we want to go to the -- to the floor there. the senator from tennessee, bob corker, ribbing the president and chastising him for what he just calls his press conference. let's listen for a moment. >> without objection. >> mr. president -- >> senator from maryland. >> mr. president, i rise to speak on behalf of what is going on here today as the new chair of the -- >> okay, so tax hikes, it looks like tax hikes instead of affecting 98% of all americans will affect only the 5% of top earners. does that mean everybody is free and clear? not exactly. tomorrow, your paycheck will likely shrink. and that's with or without the fiscal cliff. that's because the payroll tax cut expires at midnight. right now, it does not look as if congress plans to extend it. the 4.2% you pay into social security will now go up to 6.2% of your salary. lawmakers have been so consumed by the fiscal cliff that it appears little was done to extend th
back to you. >> dana bash, there with chairman issa, thanks so much for that. now we'll throw back to deb in atlanta. >> thanks so much, john. we want to go to the -- to the floor there. the senator from tennessee, bob corker, ribbing the president and chastising him for what he just calls his press conference. let's listen for a moment. >> without objection. >> mr. president -- >> senator from maryland. >> mr. president, i rise to speak on behalf of what is...
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dana? >> it certainly is. it's always tragic news, but it's especially hard when it's on christmas eve. thank you very much, barbara. >>> it's beginning to look like millions of stockings will be stuffed with a tax hike and spending cuts this holiday seas season. only eight days left until america goes off the fiscal cliff. both sides are taking a holiday break, and all we're getting is the blame game. some republicans suggesting that the doomsday scenario that's now unfolding is all part of a white house plan. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at thement bot of the cliff. he gets all this additional tax revenue for new program. he gets to cut the military, which democrats have been calling for for years, and he gets to blame republicans for it. >> white house correspondent breanna keilar has the envy of all assignments of traveling with the president and joins us live from honol
dana? >> it certainly is. it's always tragic news, but it's especially hard when it's on christmas eve. thank you very much, barbara. >>> it's beginning to look like millions of stockings will be stuffed with a tax hike and spending cuts this holiday seas season. only eight days left until america goes off the fiscal cliff. both sides are taking a holiday break, and all we're getting is the blame game. some republicans suggesting that the doomsday scenario that's now unfolding is...
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we'll bring in dana here. we know there's progress made, but there's a sticking point that you had mentioned as well. that is about the automatic spending cuts that are scheduled to kick in, and na democrats and republicans have a different sense of when they should deal with that. explain what that's about. >> i will, suzanne. if i may before i get to that, i just want to tell our viewers that i now have confirmation from a republican aide here in the senate of what jessica first reported earlier today. it's that they seem to have agreement on a major issue, which are those tax rates, where they should go. as jessica reported, the tax rates are at $450,000 for households, $400,000 for individuals. what i mean by that, of course, tax cuts that are currently in place right now, they'll stay in place up until those thresholds. above that they go away. there will be tax increases, at least that's how many see them. that, again, has been agreed to by republicans according to a senior republican aide as well as the
we'll bring in dana here. we know there's progress made, but there's a sticking point that you had mentioned as well. that is about the automatic spending cuts that are scheduled to kick in, and na democrats and republicans have a different sense of when they should deal with that. explain what that's about. >> i will, suzanne. if i may before i get to that, i just want to tell our viewers that i now have confirmation from a republican aide here in the senate of what jessica first...
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dana bash and jessica yellin are covering all angles of the story. let's start with dana on capitol hill who has heard word of a setback in the talks. dana, what do you know? >> setback from the perspective of democrats. we should underscore that. this is any information that is coming out. is coming out for a purpose. this is certainly significant. when it comes to the democrats' perspective. and that is, they are very unhappy and they call a quote poison pill. what they say is an offer from the republicans to include in this deal, which has been from the democrats perspective, mostly focused on taxes to include in it, a change in a technical way that social security is done. what it effectively would mean is that social security recipients would get smaller checks each month. something that the president himself did offer as part of a larger deal when he was in those talks with the house speaker. and ha democrats would say is we're past that. we're not in the larger negotiations any more. this is a scaled-back negotiation and they do not want anyth
dana bash and jessica yellin are covering all angles of the story. let's start with dana on capitol hill who has heard word of a setback in the talks. dana, what do you know? >> setback from the perspective of democrats. we should underscore that. this is any information that is coming out. is coming out for a purpose. this is certainly significant. when it comes to the democrats' perspective. and that is, they are very unhappy and they call a quote poison pill. what they say is an offer...
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dana, thank you. our chief white house correspondent, jessica yellin, has been watching all of this unfold. she's joining us now. republicans, jessica, they're concerned there simply aren't enough deficit savings in the bill that passed the senate last night. and indeed, the congressional budget office says the bill will add, not reduce, but add to the nation's debt. what's the reaction at the white house? >> reporter: wolf, the congressional budget office's numbers can be a little confusing, actually. because the truth of the matter is, the congressional budget office finds that it will increase the deficit by $3.9 trillion over ten years, but that's only when you take into account the fact that we have gone over the fiscal cliff. that increase in the deficit assumes that all americans have lost their tax cut, that the senate bill puts that tax cut back into place for 98% of americans, and all that revenue is being sucked out of government coffers. now, if you go back one day and remeasure this same
dana, thank you. our chief white house correspondent, jessica yellin, has been watching all of this unfold. she's joining us now. republicans, jessica, they're concerned there simply aren't enough deficit savings in the bill that passed the senate last night. and indeed, the congressional budget office says the bill will add, not reduce, but add to the nation's debt. what's the reaction at the white house? >> reporter: wolf, the congressional budget office's numbers can be a little...
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dana? >> that's right, martin, talking to democrats now coming out of their nearly two-hour meeting talking about the talks are and we now have the number two democrat in the senate, dick durbin from illinois. thank you very much. can you give us a reality check of where things stand and more importantly, if you really think that a deal can be done pie the clock striking midnight tonight or even tomorrow night? >> the original down tours talked about present a problem in reaching an agreement. i understand the conversation is going to continue, as it should, between the leaders in the senate on both sides and the president. >> you have been talking with republican about the big issue appears to be tax rates. how far in these negotiations have democrats been willing to go when it comes to the income thresh followed for tax increases? >> i think president obama is right, that those making less than $250,000 should be protected. the republicans, of course, want to raise that level so there it
dana? >> that's right, martin, talking to democrats now coming out of their nearly two-hour meeting talking about the talks are and we now have the number two democrat in the senate, dick durbin from illinois. thank you very much. can you give us a reality check of where things stand and more importantly, if you really think that a deal can be done pie the clock striking midnight tonight or even tomorrow night? >> the original down tours talked about present a problem in reaching an...
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dana, i'll start with you. you listened to big talk on the intro. today was finger pointing and political chicken, but both sides will be talking to each other tomorrow instead of at each other. what is the latest on that? >> that's right, they're going to all be going to the white house. when i say all, i mean the top four congressional leaders, democrats and republicans, to sit down with the president. i'm told by a senior democratic source here in the senate that the expectation is if they can't figure out a path forward over the next three days in this meeting tomorrow, a way to actually pass something to avert the fiscal cliff, then it is very likely, almost definite, that we will go over the cliff. i have to tell you that sources in both parties think that's the likelihood at this point anyway, but this meeting tomorrow is absolutely going to be crucial. and what the senate republican leader mitch mcconnell who you just heard from there, what he's saying he hopes to get from the president is a more details explanation of what he has been sayin
dana, i'll start with you. you listened to big talk on the intro. today was finger pointing and political chicken, but both sides will be talking to each other tomorrow instead of at each other. what is the latest on that? >> that's right, they're going to all be going to the white house. when i say all, i mean the top four congressional leaders, democrats and republicans, to sit down with the president. i'm told by a senior democratic source here in the senate that the expectation is if...
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we will see you later ons this afternoon, dana, as you follow every minute of this. thanks a lot. >> thank you. >> president obama says slashing the deficit is a priority but so is more spend oggen certain things. we'll talk with two republican lawmakers about the president's second-term agenda next. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabu
we will see you later ons this afternoon, dana, as you follow every minute of this. thanks a lot. >> thank you. >> president obama says slashing the deficit is a priority but so is more spend oggen certain things. we'll talk with two republican lawmakers about the president's second-term agenda next. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul,...
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thank you, dana. thank you, jessica. now, right now, the most likely deal on the table seems to be that scaled-down proposal president obama suggested last fright. just to recap, extend tax cuts on household income under $250,000, that's 98% of americans. extend unemployment insurance. that's important. and likely extend the alternative minimum tax fix. but is this bared down plan something house republicans can really get behind? "outfront" tonight to answer that question, republican congressman tom mcclintock of california, a member of the house budget committee. mr. congressman, good to see you. could you back that scaled back plan to avoid going over the fiscal cliff? >> as i said all along, republicans don't want taxes to go up on anyone. if we have an impasse on january 1st, they go up on everyone. so at some point, i think that we republicans have got to realize that if we can't save everybody, we need to try to save as many people as possible. that's not advocating a tax increase. if a lifeguard sees ten people d
thank you, dana. thank you, jessica. now, right now, the most likely deal on the table seems to be that scaled-down proposal president obama suggested last fright. just to recap, extend tax cuts on household income under $250,000, that's 98% of americans. extend unemployment insurance. that's important. and likely extend the alternative minimum tax fix. but is this bared down plan something house republicans can really get behind? "outfront" tonight to answer that question, republican...
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dana bash live from capitol hill. now, dana, first of all, i want dwru explain for us we know there are two things happening, the republicans who are meeting and we know the vice president is meeting with the democrats. when do we expect these two sides to get together and make a decision about whether or not they like what the senate has put forward or whether they want to come up with something else or amend it. >> reporter: before i answer that, i'm standing right near the house republican meeting which is fgoing to start in a fw minutes and i might have to duck away. we're waiting for the house speaker to come by. >> sure. >> reporter: but to answerer that question, what's going to happen, we are told, is that the house republicans, of course, run the house, and they make the decision on when votes are, they are having the meeting right now, but we're told that that is not going to be the definitive or decisive meeting to decide when the vote will be on the fiscal cliff package and how they're going to vote on it,
dana bash live from capitol hill. now, dana, first of all, i want dwru explain for us we know there are two things happening, the republicans who are meeting and we know the vice president is meeting with the democrats. when do we expect these two sides to get together and make a decision about whether or not they like what the senate has put forward or whether they want to come up with something else or amend it. >> reporter: before i answer that, i'm standing right near the house...
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hey, dana,y want to go to you. across the wire the house may be coming back into session on sunday, but do we know, is there movement towards getting there? is that confirmed? >> yes, we have it confirmed. i apologize. there is a conference call going on right now with house republican leaders and the rank and file where they are discussing the next steps. that is something they announced moments ago to republicans that they should prepare to come back to washington and be here on sunday to reconvene before the end of the year before that deadline approaches that. does not necessarily mean that there is going to be anything for them to vote on. the democrats have taken advantage political of the fact that the democratic-led senate came back today and the house is not yet here. the republicans and the house say it's because the ball is in the senate's court, but the optics of the house maybe not so great. >> you are right. it's about optics. if they are not there, it's easy to say we went over the fiscal cliff and w
hey, dana,y want to go to you. across the wire the house may be coming back into session on sunday, but do we know, is there movement towards getting there? is that confirmed? >> yes, we have it confirmed. i apologize. there is a conference call going on right now with house republican leaders and the rank and file where they are discussing the next steps. that is something they announced moments ago to republicans that they should prepare to come back to washington and be here on sunday...
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dana, be go ahead. jumpb in here. >> i think they won their negotiating power once boehner last week failed. as dana pushed out, the only thing that can get boehner is to do something. >> reporter: i think that you're right when i said that democrats don't think that the president will have much political damage. that does seem to be coming more from democrats here in congress than in the white house. democrats here in congress feel that it's a win-win for them politically. the one thing i will tell you very quickly, the pushback on this narrative that i heard from senate republican leader in the hallway. he said, do you remember who the speaker was during the hoover administration? i said, no. he said, that's my point. nobody will remember who the speaker was if ge into a recession but it's the president who tends to have the fault if something really calamatus happens. >> dane na bash and ryan lizza, thank you. >>> real concerns for president bush. he's in an intensive care in a houston hospital. we'l
dana, be go ahead. jumpb in here. >> i think they won their negotiating power once boehner last week failed. as dana pushed out, the only thing that can get boehner is to do something. >> reporter: i think that you're right when i said that democrats don't think that the president will have much political damage. that does seem to be coming more from democrats here in congress than in the white house. democrats here in congress feel that it's a win-win for them politically. the one...